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Case review 22/05/2020
This recent Scottish decision confirms that insureds must provide fair presentation of all material risks prior to the commencement of a policy of insurance to ensure that coverage will be provided and any failure to this will enable an insurer to void the policy.
We are delighted to confirm the promotion of thirteen lawyers to our partnership across practice areas including commercial, employment and healthcare, as well as specialist areas of insurance and liability that include cyber, property and construction, professional liability, travel, abuse and fraud. Eight of those promoted are based in the UK, with four in the US and one in Australia. Our worldwide partner count is now 264.
Is coronavirus contamination considered property damage in the context of business interruption insurance?
As countries around the world work hard to mitigate the health impact from the evolving coronavirus crisis (COVID-19), businesses remain concerned about the potential financial impact on them.
On 29 January 2020, Lloyd’s published Market Bulletin Y5277 containing an update in respect of its approach to non-affirmative cyber risk. Lloyd’s strategy for the oversight of cyber risks will ultimately require all policies to exclude or provide affirmative coverage for cyber risks.
Case review 22/01/2020
English courts not the appropriate forum to determine whether Russian proceedings brought in breach of London arbitration agreement
The English High Court has recently found in favour of defendant insurers in declining to grant anti-suit injunctions and declaratory relief on the basis that the English courts were not the appropriate forum to determine whether a claim commenced before the Russian courts should be referred to London seated arbitration under ICC Rules.
With the pace of change in the global insurance market showing no signs of slowing in 2020, we have underlined the London Market’s need to reassert its ability to adapt and manage the constant evolution of global risk. Releasing our annual London Market forecast for the year ahead, we have made predictions across 11 areas impacting the London Market, namely: aviation, casualty coverage, construction, cyber, energy, financial lines, marine, product liability and life sciences, professions, political risks and property damage.
The pace of change in the global insurance market has not slowed down in the last 12 months, nor are there any indications of it doing so over the course of the coming year.
Case review 10/12/2019
An independent and wide-ranging industry report that ranks insurance law firms across a variety of areas has seen Kennedys set the standard for service satisfaction levels.
Insurers have been forced into the front line of the fight to stop global warming and climate change and they are beginning to feel uncomfortable and exposed.